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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Has gold paused or peaked?

Posted on 28 October 2010

From Mineweb.com: Despite the G20 meeting deciding little apart from countries paying lip service to currency stability, gold has suffered a minor setback from its peak, but is this the start of a collapse or just a pause in its upwards rise?
The gold market expressed its disdain of the intentions issued by the G-20 by taking the gold price back to $1,345 at the morning Fix. We’ve seen $1,380 and the drop off last week was sudden. The dollar fell this morning back to $1.40 before pulling back to the $1.387 area when New York opened……………………………………….Full Article: Source

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VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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